Tag: Customs Valuation

  • The Last Sale Valuation Act: Eliminating First Sale Doctrine and Restructuring Duty Assessment

    The Last Sale Valuation Act: Eliminating First Sale Doctrine and Restructuring Duty Assessment

    The First Sale Doctrine Under Legislative Siege Senators Cassidy and Whitehouse have introduced the Last Sale Valuation Act, legislation that would fundamentally restructure how U.S. Customs calculates duties on imported goods. The act would eliminate the First Sale Doctrine, which allows companies to calculate duties based on the price at which a foreign manufacturer sells…

  • First Sale Valuation Under Scrutiny: How CBP’s Improved Targeting Systems Are Changing Customs Risk

    First Sale Valuation Under Scrutiny: How CBP’s Improved Targeting Systems Are Changing Customs Risk

    CBP’s Renewed Focus on First Sale Valuation Methodology U.S. Customs and Border Protection has intensified scrutiny of First Sale valuation methodology through targeted questionnaires and outreach to importers. Recent CBP communications request that companies document whether they have used First Sale valuation between 2023 and 2025, and if so, whether supporting records exist. On the…

  • HMRC’s B2B2C Valuation Ruling: Beyond Structure to Substance in Customs Compliance

    HMRC’s B2B2C Valuation Ruling: Beyond Structure to Substance in Customs Compliance

    Introduction: A Fundamental Shift in Customs Valuation Recent guidance from Her Majesty’s Revenue and Customs (HMRC) has established a pivotal precedent in how customs authorities assess the value of imported goods within multi-entity business models. The latest B2B2C (Business-to-Business-to-Consumer) valuation ruling represents far more than a technical interpretation of trade regulations. It signals a definitive…